Farmers vs. Nevada Capital: Which Company is the Best Fit for You?

Wondering if Farmers or Nevada Capital is the best insurance carrier for you, your vehicle, and your wallet? We've broken down all the rates and discounts for both companies to help you make a more informed decision. Read on to learn more.
Newly insured car driving down the road
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Quick Facts

  • In general, Nevada Capital offers significantly more affordable premiums than Farmers
  • Farmers may help you save more money -- they offer more discounts than Nevada Capital Insurance Company
  • Nevada Capital offers more affordable prices for drivers who have below-average credit


Farmers or Nevada Capital: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering hefty savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Farmers or Nevada Capital, but which company will save you the most?

Farmers Nevada Capital
$203$125

Looking at nationwide averages, Farmers is quite a bit more expensive than Nevada Capital, with premiums averaging $203 a month compared to just $125 with Nevada Capital.

But Nevada Capital may not be the cheapest or best option for each driver out there. Auto insurance carriers vary their prices depending on things like how old you are, how good your credit score is, where you live, how clean your driving record is, and all sorts of other factors, so rates could change drastically from person to person.

Luckily, we've broken down average premiums from both Farmers and Nevada Capital by lots of different rate factors, so read on to find out which company is the best for you.

Farmers vs. Nevada Capital: Average Car Insurance Rates by State

State Farmers Nevada Capital
NV$247$125

Farmers and Nevada Capital only compete against each other in Nevada, where Nevada Capital offers the cheaper average rates. Nevada Capital drivers tend to pay about $122 per month less on average compared to drivers who use Farmers for their car insurance.

But there's more to calculating insurance prices than just where you live. Keep reading to find out more.


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Which is the Best Company For Young Drivers?

Farmers Nevada Capital
18-year-old drivers$533$274
25-year-old drivers$155$125

Teen drivers will almost always have the most expensive auto insurance rates of any other group of drivers out there on the road. Generally, that's because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of over 50% less a month by choosing Nevada Capital over Farmers. It's worth noting that Farmers offers auto insurance in 25 different states compared to Nevada Capital's one, which can skew the average prices a bit, but the difference here is still considerable.

However, with both companies, you'll see your premiums drop significantly by the time you turn 25. For example, average rates for Farmers policyholders lower around $400 and Nevada Capital's prices decrease almost $150 over that time.

Which is the Best Company for Retired Drivers?

Farmers Nevada Capital
65+-year-old drivers$143$85

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest premiums you'll ever see.

When looking at Farmers and Nevada Capital specifically, which carrier is best for retired drivers? Nevada Capital gets the edge, with rates for drivers 65 and older $58 cheaper than the national average for Farmers.

Which is the Best Company for Married Drivers?

Farmers Nevada Capital
Single$245$145
Married$148$98

Did you know that car insurance premiums are normally more expensive for those who are single than they are for married couples? That's because policies for married policyholders typically cover more than one vehicle, which several carriers will give you a discount for.

For single policyholders, the difference in average prices between these two companies is significant, with Nevada Capital rates coming in at about 40% less than Farmers's. For married drivers, the advantage is clear again - Nevada Capital has the edge when it comes to average premiums.

Farmers or Nevada Capital: Average Rates by Gender

Farmers Nevada Capital
Male$207$126
Female$200$124

Because women are less likely to get into collisions and get speeding tickets, they are less likely to file a claim with insurance. So, insurance carriers will tend to charge women less than men.

Generally, men see prices around 3% per month higher with Farmers, and about 2% more with Nevada Capital.

When it comes to the most affordable premiums for each gender, Nevada Capital comes out on top for both men and women, with average prices $81 less for men and $76 cheaper for women.


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Farmers vs. Nevada Capital: Compare State Minimum vs. Full Coverage Rates

Farmers Nevada Capital
State Minimum*$126$75
Full Coverage**$281$174

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that auto insurance can be pretty complicated. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability coverage).

Looking specifically at state minimum limits for liability insurance, Nevada Capital has the significant edge, with average monthly rates coming in at $75. If you want a full coverage policy with the same state minimum limits, Nevada Capital again has the edge, with policies averaging around $174 a month to Farmers's $281.

Is Farmers or Nevada Capital Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that speeding tickets and at-fault collisions lead to higher premiums, but which company -- Farmers or Nevada Capital -- has the lowest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Farmers Nevada Capital
Clean Record$162$89
1 Speeding Ticket$206$116

Policyholders who use Farmers for their auto insurance can usually expect their monthly bill to go up about 21% after getting a speeding ticket. Nevada Capital policyholders can expect a bit more drastic of an increase of around 23%.

That being said, Nevada Capital tends to offer the best prices for both drivers who have a recent ticket and those with clean records -- their rates are around 45% less expensive for drivers with clean records and 44% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Farmers Nevada Capital
Clean Record$162$89
1 At-Fault Accident$224$126

After an accident, drivers who have their insurance through Farmers can expect to see about an $62 -- or around 28% -- rise in their car insurance prices. Drivers who use Nevada Capital for their auto insurance will see a monthly bill about $37 (or 29%) more expensive after reporting an accident to their car insurance carrier.

At the end of the day, drivers who use Nevada Capital end up with the cheaper prices after an accident, with average premiums coming in at $126 compared to Farmers Insurance's $224.

Which Company is Best for Drivers with a DUI?

Farmers Nevada Capital
Clean Record$162$89
1 DUI$221$168

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your insurance bill. For example, Nevada Capital increases average prices by nearly $80 per month -- that's more than a 45% increase.

Nevada Capital has the overall most affordable rates for drivers with a DUI on their records at $168 per month, but it's worth noting that Farmers's average rates come from 25 states compared to just one for Nevada Capital, so the data may be skewed slightly.


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How does Credit Score Impact Farmers and Nevada Capital Rates?

In many cases, your credit score can come into play when companies determine your monthly bill. Certain states and carriers do not allow for credit score to be used as an insurance factor, but it does affect many drivers out there.

Auto insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking at Farmers and Nevada Capital specifically, which carrier has the cheapest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Farmers Nevada Capital
Excellent Credit Score$164$100
Good Credit Score$185$114

If you have a great credit score, Nevada Capital will generally reward you the most. For drivers with "excellent" credit scores, Nevada Capital comes in nearly 39.02 less expensive. Drivers with "good" credit scores usually save around 38% with Nevada Capital compared to average prices from Farmers.

Which Company is Best for Drivers with Bad Credit?

Farmers Nevada Capital
Fair Credit Score$209$128
Poor Credit Score$256$156

Nevada Capital typically offers lower rates than Farmers when it comes to drivers with bad credit. Drivers with "fair" credit pay about 39% a month less with Nevada Capital compared to Farmers, and those with "poor" scores normally save an average of around 39% a month.


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Is Farmers or Nevada Capital Better for Drivers who Work from Home or Have Short Commutes?

Farmers Nevada Capital
6,000 Annual Miles$203$117
12,000 Annual Miles$203$132

The amount of time you spend behind the wheel of your car plays a big role in how much insurance carriers will charge for coverage. That's because the fewer miles you put on your vehicle each year, the less likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Farmers charges. However, there's a pretty significant difference in monthly prices for Nevada Capital, with policyholders who drive 6,000 miles each year paying about $15 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Nevada Capital is the cheaper company.

Farmers or Nevada Capital: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a substantial role in how much you pay for car insurance. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

Farmers Nevada Capital
Urban Areas$251$171
Suburban Areas$189$114
Rural Areas$170$89

When comparing these two companies side-by-side, Nevada Capital normally comes out as the cheapest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

If you live in a rural area, you can expect to pay around $89 monthly with Nevada Capital compared to Farmers's $170. Drivers in suburban ZIP codes pay about $114 with Nevada Capital compared to Farmers's $189 per month. In urban areas, Nevada Capital's average premiums are around $171 per month compared to Farmers's $251.

Farmers vs. Nevada Capital Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be difficult to find all the ones you're eligible for or to nail down the company that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Farmers and Nevada Capital so that you can find the one that has the most discounts and, therefore, the largest savings.

Farmers Nevada Capital
ABS Discount
Advance Quote Discount
Alternative Fuel Discount 
Anti-Theft Discount
Defensive Driver Discount
Distant Student Discount 
Driver Training Discount 
EFT Discount 
Employee Discount 
ESC Discount 
Good Driving Discount
Good Payer Discount
Good Student Discount
Group Discount 
Homeowner Discount 
Life Policy Discount 
Loyalty Discount 
Mature Driver Discount 
Multi-Car Discount
Multi-Policy Discount

Farmers blows Nevada Capital away when it comes to the sheer amount of discounts available, offering 13 more discounts than Nevada Capital.

Both carriers offer a lot of the same discounts -- like advance quote discounts, discounts for being a defensive driver, discounts for being a good driver, and discounts for insuring multiple cars with the same company -- but Farmers also offers discounts for alternative fuel, distant student, driver training, and more.

On the other hand, Nevada Capital has a few proprietary discounts of their own for things like employee discounts, new vehicle discounts, prior carrier discounts, and more.


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Final Thoughts: Is Farmers or Nevada Capital Best for You?

You've seen the effect certain variables have on your insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, is Farmers or Nevada Capital the right carrier for you and your specific driver profile?

Nevada Capital might be best for you if....

  • You will be the only person on the car insurance policy.
  • You have above-average credit.
  • You drive fewer than 12,000 miles yearly.


Farmers might be best for you if...

  • You're thinking about moving to another state -- Nevada Capital Insurance Company is only available in NV.
  • You're looking for the carrier with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between Farmers and Nevada Capital and that you can now make a more informed decision when it comes to your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several carriers, not just Farmers and Nevada Capital. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best auto insurance companies in your area, all for free.


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Farmers vs. Nevada Capital FAQs

Is Farmers or Nevada Capital cheaper?

Nevada Capital is the more affordable of the two carriers when looking at national average rates, with policies averaging $125 a month with Nevada Capital and $203 for Farmers. Even so, that doesn't mean Nevada Capital will be the most affordable company for everyone, since there are many different factors that are considered when it comes to your insurance bill.

Who is better, Farmers or Nevada Capital?

Unfortunately, the answer truly is "it depends.". One carrier is not "better" for each policyholder -- it all depends on the makeup of your unique auto insurance profile.

Why do Farmers and Nevada Capital offer me different rates?

Insurance companies use lots of different variables when determining the premiums they charge. Factors such as where you park your car, where you live, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Farmers and Nevada Capital calculate prices using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a range of different carriers.

How do I know if Farmers or Nevada Capital is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance carriers for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Farmers or Nevada Capital at all, but another you hadn't even thought of!


Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.

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